1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blsea [12.9K]
3 years ago
8

Fit & Slim (F&S) is a health club that offers members various gym services.

Business
1 answer:
Hoochie [10]3 years ago
6 0

Answer:

a. they are separate performance obligations

normal price of annual membership = $1,140

one yer enrollment in yoga = $600 x (30% - 10%) = $120 x 50% = $60

total $1,200

% of price allocated to:

annual membership = ($1,140 / $1,200) x $1,100 = $1,045

discount voucher = $1,100 - $1,045 = $55

b. the journal entry should be

Dr Cash 1,100

    Cr Unearned revenue, membership fees 1,045

    Cr Unearned revenue, discount voucher 55

You might be interested in
Sobota Corporation has provided the following partial listing of costs incurred during August:
QveST [7]

Answer:

a. $365,000

b. $346,800

Explanation:

The computations are shown below:

a. For product cost:

= Direct materials used + Direct labor + manufacturing overhead

where,

Manufacturing overhead  = Indirect labor + Property taxes, factory + Depreciation of production equipment

= $45,000 + $18,900 + $42,200

= $106,100

So, the product cost would be

= $168,100 + $90,800 + $106,100

= $365,000

b. For period cost

= Marketing salaries + Administrative travel + Sales commissions + Advertising

= $51,700 + $100,800 + $50,000 + $144,300

= $346,800

4 0
3 years ago
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 un
beks73 [17]

Answer:

$0.1  

Explanation:

The per unit cost of a production is the sum of variable cost and fixed cost divided by the total number of units produced. The per unit cost is given by the formula:

Per unit cost = (Variable cost + Fixed cost) / Number of units produced

Variable cost = Cost of raw material = Units of raw material × Cost of each unit of raw material = 5 units × $4/unit = $20

Fixed cost = Cost of labor + Capital =(Units of capital × Cost of each unit of capital) + (Units of labor × Cost of each unit of labor)  = (8 units × $3/unit) + (2 units × $10/unit) = $24 + $20 = $44

Variable cost + Fixed cost = $20 + $44 = $64

Per-unit cost of production = (Variable cost + Fixed cost) / Total output = $64 / 640 = $0.1  

3 0
3 years ago
Catherine works for BluCorp, which has an employee handbook stating that employees will be terminated for good cause. Catherine'
barxatty [35]

Answer:

b. contract exception to employment at will.

Explanation:

The implied contract exception to employment law is available in at-will employment. BluCorp may be found liable for breach of contract firing Catherin due to be violating an implied employment contract.

Implied employment contracts are seen when there are employer's personnel policies stating that an employee will not be fired except for good and fair cause.

7 0
3 years ago
what do people mean when they say that it is better to balance the economy than to balance the budget?
hammer [34]
I guess because the economy falling apart and the budget keeps going up.
7 0
3 years ago
In 2019, Jonathan pays real estate taxes of $18,000 and New York State income taxes of $17,000. Assuming he itemizes, what deduc
-Dominant- [34]

Answer: $28,000

Explanation:

Jonathan can deduct both the real estate taxes and the state income taxes but the Tax Cuts and Jobs Act cut the deduction one can claim on State and Local taxes to $10,000 from 2018 to 2025.

The total deduction Jonathan can claim is therefore:

= Real estate taxes + Capped state income tax

= 18,000 + 10,000

= $28,000

6 0
3 years ago
Other questions:
  • If a foreign government hires an American consulting firm to help the country's textile industry improve production operations,
    6·1 answer
  • Income elasticity of demand is
    14·2 answers
  • As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more than $2.5 million. Suppose h
    8·2 answers
  • 1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th
    9·1 answer
  • ​"A set of logically related tasks or activities performed to achieve a defined business​ outcome" is the definition of A. suppl
    5·1 answer
  • The person may not have made a wise choice initially; the chosen career may no longer exist; values and interests may have chang
    11·2 answers
  • The Firm X just paid a dividend of $1.26 per share on its stock. The dividends are expected to grow at a constant rate of 5% per
    10·1 answer
  • The following information is taken from the 2022 general ledger of Sunland Company.
    12·1 answer
  • What is your expectation of this subject industrial psychology
    6·1 answer
  • A company anticipates monthly sales of $300,000 for the months of April, May, June, and July. Materials represent 50% of sales,
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!